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Most Companies Believe the IoT is Vital for Future Success

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A recent report by Vodafone has shown that three quarters of organisations see how they use the Internet of Things (IoT) as being a critical factor in their success. Exactly how the IoT can be harnessed to bring about that success is the next planning challenge.

What is the IoT?

The Internet of Things (IoT) refers to the many devices for mobile use or for use in the home and workplace that have a smart element to them or/and are connected to the Internet.

The Significance of the Report

The Vodafone Barometer Report is based on an independent study (conducted by Circle Research) which surveyed nearly 1,100 enterprise and public-sector executives from 17 countries. It therefore provides a good snapshot of the way businesses are thinking about the use of technology and where they see the next big opportunities.

Key Findings of the Report

The report shows that 37% of adopters say that they are already running their entire business on IoT, and 48% say they’re using IoT to support large-scale business transformation.

In fact the report shows that three quarters businesses say that the IoT will be critical to their success in the future.

SOURCE: westtek.co.uk